Willow Street Apartments

Analysis

Willow Street Apartments is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Willow Street Apartments reported income of $144k and spending of $166k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $144k (+8.5%), an average of +2.1% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willow Street Apartments sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include Merrimack Housing Corporation ($144k), Unlimited Potential NFP Inc ($144k) and Hardin County Housing Development Inc ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $384k against liabilities of $28k, net assets of $356k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.